St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-04-22
On the Chicago Board of Trade During
the Early Hours Wheat Was
Rather Active.
The Dealings, However. Became Decidedly
Dull Toward the Close, and
Values Reacted.
There Was Free Buying Both for
June Delivery and the
July option.
Transactions in the Financial Circles
of Wall Street--General
Quotations.
Special TO the Globe.


but each broker was evidently going it alone.
Field, Lindley g. Co. were buyers OF July and
Rosenfield & Co. were buying May. Inc
crowd did not know what to make out OF
these kinds of tactics. May kept ND above
Sac and June was overhauiing the day so fast
that they were within less than cent OF eaeh
other The excitement over the simple
strength is abating, while the Juror over the
decrease in this spread between May ana
June is on the increase. II 1t should possibly
happen that June should get abreast OF May.
the crowd of bear sufferers would be quite as
large as when May first began to show extra
ordinary strength. The crowd. when it finally
abandoned fighting the advance OF May, sold
largely for June, on the theory that TINS was
to be an old-fashioned corner, wherein the
load gathered i'll May was to be thrown over
board in June. So far, however, the signs are
all that the deal is to be a new-fashioned and
improved one, wherein the cash wheat is to
be taken and paid for, then
THE DEAL EXTENDED
through June and July, and finally the wheat
worked OF on its merits. May wheat sold as
high as S434c. This was at the moment when
Irwin, Green Co. took 100000 bushels of
May wheat at clip and bid for more. When
May sold at this figure June advanced 10 SAC.
When the market eaSed Off, as it did later,
although May lost 54c, June lost only &c OF
its advance. For the biggest part of the day
May and June were not more than 12@3sc
apart. The receipts of wheat are largely IN
creasng, showing that the threats OF the
shorts that they would be here with cash
grain to deliver are not all vain. About 5O0,-
900 bushels of corn went out OF store and
into vessels yesterday. Besides this room
thus made, certain of the regular houses have
been Leasing or buying the old malt houses
and irregular warehouses around town. In
this way room for about 10000 bushels more
OF grain has been made III the post ten days.
If navigation will only open enough corn Will
sail to release greatly the pressure Inc
clearances were encouraging again at the
seaboard POI, 800 bushels of wheat going out
from the three Atlantic ports. Provisions
were firmed up at the opening by buying that
looked like Armour u Co. There were nearly
1900 hogs at the yards, however, and the
whole advance did not last.
THE ROUTINE REPORT.
CHICAGO April 21.-The wheat market was
one Of marked activity during the early hours
to-day, prices ranging higher, but the trading
became dull toward the close, values reacted,
and the market closed at identically the same
figures as yesterday. The bull leaders
were in the pit at the opening. and their open
bidding for property caused quick advance
for May delivery from sac to S4s4c. The
market reacted to SAC and ruled steady at
traction over that figure for the remainder Of
the day. One of the marked features of the
DAYS trading was the free buying for June
delivery. that option advancing 10 sac and
closed for the day at $3.50, Or within &c of
the price of May. The July option was also
largely traded in, but advanced only frac-
tion. The corn market was not disposed to
show much of Il movement, $3.50 being
popular price for May. The feature of this
market continues to be Withdrawals from
store, mainly for the purpose of making room
for wheat. The session closed easy. Ribs
continued relatively stronger than lard did,
and June were traded in more freely than
May. While lard picked up 10c ribs ad-
yanced 221ac and were in ordinarily good de-
mand. and the latter closed ut nearly outside
figures.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. 2. April, opened at S315c, clos
ing at $3.50; May, sac, closing at S41Sc;
June, S314c, closing at S33sc; July, S2ssc,
closing at S23sc. Corn-No. 2, April, 375sc,
closing at 37ssc: May, 3S3sc, closing at 3S9sc;
June, 391sc, closing at $500: July, 41aac,
closing at 4lsEc. OatsNNo. 2, April,
eye, closing at 275sc; May, 2s$4c, closing at
2S4c; June, 29c, closing at 290 291sc; July.
29Bc, closing at 291sc. Mess pork, per barrel
April, S20.65, closing at 5000; May. S20.75,
closing at $20.7 June, $20.75, closing at
E2O.7 Lard, per 100 pounds-April, ST.12%,
closing at S1.15; May, S7.15, closing at
S7.1i1@; June, S7.221a closing at S7.2715; July,
81 1921, closing at $7.35. Short ribs, per
100 pounds-April, S7.S21a, closing at$7.S7%;
May. S7.s115, closing at 81 .9211a; June 81 92L,
Using At Sooo' uiy ,VO.o' /2'OiooiuS III Go.lo
Cash quotations were as follows: Flour quiet
and unchanged. Wheat-No. 2 spring, s2zEGo
$3.50; No. 3 spring, 731a@7sc; No. red, S23sc
Corn-No ,. 375s@g37s4c. Oats-No. 2. 275sc.
. Rye-No. 2, 561a@57c. Barley-No. 2, $50
SIC. Flax seed-No. l, $l.o71a@. Timothy Seed
Prime, $l6S@1.7O. Mess pork. per Dbl,
$1,000. Lard, per 100 lbs, S7.15. Short ribs
sides, loose, ST.S5@7.90; dry sailed shoulders,
boxed. $6@6.1O; short clear sides, boxed,
SS.15@S.20. Whisky, distillers finished goods,
per gal, Sl.1S. Sugars, cut Loaf 614065Sc;
granulated, &c; standard a. 55sc. Re-
ceipts-Flour, 12,00U bbls; wheat $4,000 bu;
corn, $1,000 blu: oats, $4,000 bu; rye, 1,0Ot
bu; barley, 1000 bu. Shipments-Flour
ll.000 bbls; wheat, 5000 bu; corn. %, 900 bu:
pats, $1,000 bu: rye, none; barley, 1900 bu
Dn the produce exchange to-day the butter
market was easy; creamery, 16@2lc per ID
hairy, 12W1Sc. Eggs, l2c per doz.
DnDI O.